AI filing briefs · archive

8-K filings in July 2016, explained

1 material Form 8-K filing that 1 company we cover made with the SEC in July 2016, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them was written later, when past filings were added: a selection, not every 8-K of the month (see the note below).

1 brief

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RCONRecon Technology, Ltd Jul 28, 11:10 AM ET

Recon Technology ends planned $3.60 million QHHY acquisition after audit shows shortfall

Neutral m&a Written later 1.02

Recon Technology's board decided on July 23, 2016 not to proceed with its plan to acquire Qinghai Huayou Downhole Technology (QHHY), and terminated the related share purchase and control agreements. The company said QHHY had not met its fiscal 2015 financial projections, was not expected to meet its fiscal 2016 projections, and the parties could not agree on a renegotiated price due to a lower valuation. The company says it faces no early termination penalties.

The original deal was $3.60 million in company ordinary shares plus up to $4.8 million in cash, subject to QHHY reaching certain operating goals.
The board resolved on July 23, 2016 to terminate the agreements after an audit of QHHY's 2014 and 2015 fiscal years and a review of the first two quarters of fiscal 2016.
QHHY was founded by Chief Technology Officer and director Chen Guangqiang, who sold his ownership interest on December 15, 2014; the filing says current QHHY shareholders are not affiliated with the company.

Read the filing on SEC.gov ↗

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.

Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.